DOJ Wins Approval to Liquidate Seized Bitcoin From Silk Road Case

In 2024, the crypto industry experienced a $3 billion loss due to hacks and scams, with hacks accounting for over 70% of the total losses. Despite recovering $488.5 million, the need for enhanced security measures remains crucial.

ADA led losses in the crypto market due to bitcoin weakness caused by soaring U.S. treasury yields from strong economic data. Token prices, including SOL, BNB, and ETH, dropped nearly 10% since Monday, with the CD20 down 2.87% in the past 24 hours.

Historic wildfires in southern California, including the Pacific Palisades and Eaton fires, have burned over 15,000 acres and forced evacuations of over 100,000 residents. Crypto companies like Santa Monica Bitcoin Office and BlockDaemon are at risk, with some workers already losing homes and belongings.

A Bitcoin mining operation in Thailand was shut down by police for allegedly stealing around $3 million worth of electricity. The operation involved over 1,000 machines and tampered with the power meter to divert electricity at night.

The Bitcoin Freedom Act, introduced by Republican Senator Dusty Deevers, aims to integrate Bitcoin into Oklahoma's economy by allowing transactions in the cryptocurrency. Deevers sees Bitcoin as a safeguard against inflation and a way to drive economic growth in the state.

Thailand plans to launch a crypto payment pilot program in Phuket, operating within existing legal frameworks. The initiative aims to simplify property purchases for individuals fleeing political tensions, with a clearing house converting digital assets to Thai baht.

Gelephu Mindfulness City in Bhutan plans to adopt digital assets like Bitcoin, Ethereum, and Binance’s BNB token as part of its strategic reserves. Bhutan's state investment arm, Druk Holding & Investments, has mined over 13,000 Bitcoin since 2019, valued at $750 million.

Fidelity predicts that countries will start accumulating Bitcoin this year to hedge against financial deficits and inflation. Nations like Bhutan and El Salvador have already seen significant returns from their Bitcoin reserves, with the U.S. holding the largest stockpile globally.

Do Kwon, the Terra founder, will go to trial in January 2026, with the possibility of requesting an earlier trial within a week. The judge highlighted the extensive evidence involved in the case, leading to the lengthy gap between arraignment and trial.